MORE: ASE Expects to Acquire SPIL Even After Tender Offer Fails

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Advanced Semiconductor Engineering expects to continue its acquisition of Siliconware Precision once it gets Taiwan Fair Trade Commission approval, co. says in statement.

  • Co. said tender offer started on Dec. 29 for common shares of SPIL was unsuccessful as co. did not receive approval from FTC for proposed combination before expiration date
  • Over 27.57% of SPIL shareholders participated in tender offer: statement
  • ASE has instructed its tender agents to return all shares to participating SPIL shareholders as soon as possible: statement
  • ASE’s determination to seek integration with SPIL has not changed: statement
  • ASE plans to establish and list in Taiwan an industrial holding company which will separately hold 100% equity interests in both ASE and SPIL, allowing both cos to become parallel sibling cos under the same holding company; all current operations of ASE and SPIL in Taiwan will be maintained: statement
  • Newly established industrial holding co. can be expected to strengthen resource consolidation in Taiwan’s semiconductor packaging and testing and related industries, and become a new innovation platform for the industry: statement
  • NOTE: Fair Trade Commission is still arranging public hearings on the deal requested by legislators before making

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